MomentumOptions.com Pre-Market Update for 10/10/2024 Broader Market Hits Fresh Highs 8:00am (EST) Commentary The market was higher on Wednesday despite news the US Justice Department is looking into a break up of Google and its domination in the search engine market. Shares of Alphabet (GOOG) slipped 1% but had littleRead more
MomentumOptions.com Pre-Market Update for 10/7/2024 Jobs Reports Surprises Wall Street 8:00am (EST) Video https://go.screenpal.com/watch/cZ6ieLVW6Z2 Commentary The market rallied on Friday to regain key resistance levels after a blowout employment report showed 254,000 jobs were added in September versus forecasts for a gain of 150,000. The unemployment rate dipped to 4.1%Read more
MomentumOptions.com Pre-Market Update for 10/3/2024 Wall Street Braces for Jobs Report 8:00am (EST) Commentary The market showed some strength into Wednesday’s closing bell to eek out a small win. Geopolitical concerns in the Middle East weighed on sentiment along with a revenue miss from blue-chip darling Nike (NKE). The NasdaqRead more
MomentumOptions.com Pre-Market Update for 9/30/2024 Bulls Get Third-Straight Weekly Win 8:00am (EST) Video https://go.screenpal.com/watch/cZQvnxVSdJF Commentary The market was mixed on Friday as economic news weighed on sentiment. Specifically, the personal consumption expenditures price index gained 0.1% in August, matching estimates. On a year-over-year basis, the index rose 2.2%, slightly belowRead more
MomentumOptions.com Pre-Market Update for 9/26/2024 Fresh Support Levels in Focus 8:00am (EST) Commentary The market was mostly lower on Wednesday with Tech eking out a small gain to buck the trend. A dip in new home sales weighed on sentiment with the bulls trying to build new bases of supportRead more
MomentumOptions.com Pre-Market Update for 9/23/2024 Bulls Regain Momentum 8:00am (EST) Video https://go.screenpal.com/watch/cZQ0nCVSOQJ Commentary The market was mostly lower on Friday following Thursday’s delayed rally from the half-point rate cut by the Fed. The breakout to all-time highs was an ongoing bullish development and comes ahead of the upcoming third-quarter earningsRead more
MomentumOptions.com Pre-Market Update for 9/19/2024 Fed Cuts Rates by Half-Point 8:00am (EST) Commentary The market was volatile on Wednesday after the Fed cut rates for the first time since 2020. The news was no surprise, but the central bank’s decision to cut rate by 50 basis points, rather than 25Read more
MomentumOptions.com Pre-Market Update for 9/12/2024 Market Bounces Off Key Support Levels 8:00am (EST) Commentary The market rebounded off the morning lows and key support levels after better-than-expected economic news. Specifically, the consumer price index rose 2.5% in August, down from 2.9% in July and is the lowest print since FebruaryRead more
MomentumOptions.com Pre-Market Update for 9/12/2024 Market Bounces Off Key Support Levels 8:00am (EST) Commentary The market rebounded off the morning lows and key support levels after better-than-expected economic news. Specifically, the consumer price index rose 2.5% in August, down from 2.9% in July and is the lowest print since FebruaryRead more
MomentumOptions.com Pre-Market Update for 9/9/2024 S&P Falls Below 50-Day MA 8:00am (EST) Video https://go.screenpal.com/watch/cZQQeZVRCDB Commentary The bears cracked additional layers of support on Friday as the major indexes resumed the selloff from the start of last week. Nonfarm payrolls were blamed after growing by just 142,000 and well below forecastsRead more
